Toll Brothers Share News

US HOT STOCK FUTURES: HOT STOCKS TO WATCH

Among the companies with shares expected to actively trade in Wednesday's session are Dell Inc. (DELL), RailAmerica Inc. (RA) and PetSmart Inc. (PETM). Dell's fiscal first-quarter earnings slipped 33% as the computer maker reported lower revenue in its consumer, public and large enterprise customer segments because of increased competition and poor execution. Shares slid 13% to $13.05 in premarket trading as earnings missed analyst expectations and the company issued downbeat revenue guidance for the current quarter. Shares of rival Hewlett-Packard Co. (HPQ), which reports after-hours Wednesday, fell 2.3% to $21.29 after hours. RailAmerica said Tuesday its board is considering strategic alternatives for its business, including a potential sale of the company. Shares jumped 11% to $24.50 premarket. PetSmart's fiscal first-quarter earnings jumped a better-than-expected 34% as the pet-products retailer posted a strong rise in same-store sales and margins improved. Shares soared 8.4% premarket to $60.30 as the company boosted its estimates for the year. Analog Devices Inc. (ADI) reported fiscal second-quarter results at the high end of its outlook amid a boost from its industrial operations, and it provided further evidence that demand for its products was rebounding. However, the chip maker's guidance for the current quarter was softer than analysts expected. Shares slid 3.6% to $34.50 premarket. Big Lots Inc.'s (BIG) fiscal first-quarter profit sank 22% as the closeout retailer saw same-store sales decline in the U.S., and posted a loss from its newly acquired Canadian operations. Earnings results fell short of the company's expectations, and Big Lots also lowered its full-year adjusted earnings outlook. Shares tumbled 6.1% to $32.68 premarket. American Eagle Outfitters Inc. (AEO) fiscal first-quarter earnings rose 40% as the teen- and young-adult clothing retailer recorded double-digit same-store-sales growth across its main businesses. Shares of the retailer dropped 2.5% to $19.30 premarket as the company said inventories were up 14%. Genesco Inc.'s (GCO) fiscal first-quarter earnings rose 39% as the seller of hats and footwear posted stronger-than-expected sales growth. Results surged past estimates, and the company also raised its full-year adjusted earnings estimate. Shares rose 9.5% to $77.63 premarket. Facebook Inc. (FB) shares rose 1.7% to $31.54 in premarket trading Wednesday as the stock seeks to reverse its two-day losing streak amid further analysis of what went wrong with the company's initial public offering. Barclays PLC's (BCS, BARC.LN) offering of 26.2 million common shares of BlackRock Inc. (BLK) priced at a 2.1% discount to BlackRock's Tuesday closing price. BlackRock shares slid 1.5% to $160.90 premarket, slightly above the offering price of $160 a share. Guess Inc.'s (GES) fiscal first-quarter income slumped 38% as the apparel maker saw weaker European revenue and North American same-store sales weigh down results. But shares were up 6.4% premarket to $26, as the company beat its guidance for the quarter. Trina Solar Ltd. (TSL) swung to a wider-than-expected first-quarter loss as the Chinese solar-products maker's margins were squeezed by provisions for anti-dumping duties. Shares tumbled 7.3% to $4.94 premarket. Suntech Power Holdings Co. (STP, K3ND.SG) swung to a first-quarter loss as the solar-panel maker made provisions for U.S. antidumping duties, on top of a decline in sales. Suntech's American depositary shares slipped 2.5% to $1.93 premarket. Zale Corp.'s (ZLC) fiscal third-quarter loss narrowed as the jewelry retailer continued to post same-store sales growth, led by its domestic business. Shares rose 15% to $2.69 premarket. Watchlist Altria Group Inc. (MO) said it reached a settlement with the Internal Revenue Service over certain leveraged lease transactions, in which it will pay $500 million in federal and state income taxes and interest. The parent of tobacco company Philip Morris also raised its full-year earnings guidance as the IRS deal requires it to pay less interest expense than it anticipated. Avago Technologies Ltd.'s (AVGO) fiscal second-quarter earnings eased 0.7% amid higher operating costs and weaker margins, though the company reported continued revenue growth. Adjusted earnings exceeded expectations. Collective Brands Inc.'s (PSS) fiscal first-quarter earnings rose 26% as the company posted broad sales growth. Fitch Ratings lowered its investment-grade ratings on Computer Sciences Corp. (CSC) by one notch, pointing to the information technology company's greater-than-expected profitability pressures and unresolved contract renegotiations with the U.K.'s National Health Services. Compuware Corp. (CPWR) fiscal fourth-quarter earnings sank 22% on softer professional service fees and higher expenses. But shares the software company posted slightly better-than-expected revenue and reported large increases in software license fees and application service fees. Massachusetts Secretary of the Commonwealth William Galvin said his office Tuesday issued a subpoena to Morgan Stanley (MS) related to a company analyst's discussions with institutional investors on Facebook Inc. (FB) prior to its tumultuous initial public offering. Nasdaq OMX Group Inc. (NDAQ) is facing a lawsuit seeking to represent investors who sought to trade shares of Facebook Inc. (FB) during its initial public offering last week, only to allegedly suffer millions of dollars in losses because of trading glitches. Ralcorp Holdings Inc.'s (RAH) fiscal second-quarter earnings fell 69% as charges related to plant closures, a legal settlement provision and merger costs weighed on the food maker's bottom-line results. Separately, Ralcorp acquired private-label cookie maker Petri Baking Products Inc., the latest acquisition in the nonbranded food space. Financial terms weren't disclosed. Moody's Investors Services raised its ratings on Sensata Technologies N.V. (ST) one notch closer to investment grade, pointing to the maker of sensors and controls' expected strong margins. Shoppers Drug Mart (SHDMF, SC.T) has agreed to acquire substantially all of Paragon Pharmacies Ltd.'s (PGN.V) assets for $75 million in cash, in a deal that will expand Shoppers's presence in western Canada. STAG Industrial Inc.'s (STAG) stock offering of 7.3 million shares priced at Tuesday's closing price of $12.88. Take-Two Interactive Software Inc.'s (TTWO) fiscal fourth-quarter loss widened and the company's projections for the current quarter fell far short of analysts' expectations. Toll Brothers Inc. (TOL) swung to a bigger-than-expected profit in the fiscal second-quarter, thanks in part to fewer inventory writedowns, as the luxury homebuilder delivered more homes and saw its cancellation rate drop. Wet Seal Inc. (WTSLA) swung to a fiscal first-quarter loss as impairment charges weighed on the teen apparel retailer's bottom-line results and as revenue and margins weakened. The company also issued a downbeat revenue forecast for the second quarter. -Edited By Corrie Driebusch and Nathalie Tadena, Dow Jones Newswires; 212-416-2143; corrie.driebusch@dowjones.com